When ba takes over

Re-electionist Senator Juan Miguel Zubiri takes his oath office, administered by Chief Justice Alexander Gesmundo, at the National Museum in Manila City on Thursday, June 30. Courtesy of Sen. Zubiri MANILA, Philippines — Senator Juan Miguel Zubiri took his oath of office on Thursday before Chief Justice Alexander Gesmundo at the National Museum in Manila. Zubiri’s oath taking happened on the same day that President Ferdinand “Bongbong” Marcos Jr. was inaugurated , also at the National Museum, and with Gesmundo. “Today, I took the opportunity to take my oath as well after the historic oathtaking of our dear President BBM,” Zubiri said in a statement, referring to Marcos’ preferred acronym. The re-electionist senator had his oath taken in front of an art piece that showed national hero Dr. Jose Rizal. Images from Office of Sen. Zubiri, “Bilang isang lingkod-bayan, gabay ko po palagi si Dr. Jose Rizal, para sa kanyang tapang, talino, at pagmamahal sa bayan,” … [Read more...] about LOOK: Zubiri also takes oath as senator at National Museum

KUALA LUMPUR: The police are advising the public not to take part in a protest against the rise in prices of goods expected to be held at Kampung Baru on Friday (July 1). Dang Wangi OCPD Asst Comm Noor Dellhan Yahaya said police have received information on the rally, which will be held after Friday prayers, but no notices have been submitted by the organisers. "We are aware of the planned rally. However, the organisers have failed to officially inform us under Section 9(1) of the Peaceful Assembly Act 2012. "We advise any party or the public not to take part. Action will be taken in accordance with the law," he said when contacted on Thursday (June 30). ACP Noor Dellhan said police personnel would be placed at the planned rally area to ensure the safety of the public. Previously, it was reported that Parti Amanah Negara had planned a rally on July 1 calling for food subsidies to be reinstated for basic goods such as chicken, eggs and cooking oil. Its mobilisation bureau … [Read more...] about Cops advise public not to take part in price increase protest

T Rabi Sankar has taken over as the new deputy governor at the Reserve Bank of India (RBI). Following this, the central bank has redistributed the portfolios of the deputy governors. RBI has four deputy governors. Rabi Sankar, who was serving as an executive director, has been given important portfolios such as  department of currency management, external investments and operations, government and bank accounts, Information Technology and Payment and Settlement Systems. Besides, he has also been given foreign exchange department, internal debt management department and right to information, the RBI said. Rabi Sankar has been appointed for a period of three years. On May 2, the Appointments Committee of the Cabinet cleared the name of T Rabi Sankar as a Deputy Governor. This was after B Kanungo retired on April 2. RBI has four deputy governor posts, one of which fell vacant due to Kanungo's retirement. The other three deputy governors are Mahesh Kumar Jain, Michael Patra and … [Read more...] about T Rabi Sankar takes over as deputy governor, RBI reshuffles portfolios

The Straits Times (ANN) Singapore   ● Thu, June 30, 2022 2022-06-30 14:25 0 e16ff64e7ecc29b4174149122334175f 2 Asia and Pacific Singapore,COVID-19,vaccination,Omicron-BA2,travel,tourism Free The next wave of COVID-19 infections in Singapore has arrived sooner than expected, Health Minister Ong Ye Kung said on Tuesday. Speaking to Chinese newspaper Lianhe Zaobao after the 30th annual general meeting of the Chinese Development Assistance Council (CDAC), Ong said many people had travelled overseas, including to Europe, during the June school holidays, and the recent increase in COVID-19 cases here could be related to that. However, Ong said he did not think this wave would be worse than the one in February this year that was caused by the BA.2 Omicron subvariant. Cases in Europe and the United States are on the rise, with the new Omicron subvariants, BA.4 and BA.5, steadily gaining ground. Speaking in Mandarin, he said: “I had earlier said that the … [Read more...] about COVID-19 wave in Singapore arrives earlier than expected: minister

What Is a Texas Two-Step Bankruptcy? A Texas Two-Step bankruptcy is a controversial legal maneuver that a company can use to manage its exposure to potential legal claims. In carrying out a Texas Two-Step bankruptcy , a company first creates a new legal entity into which it transfers its tort liabilities while transferring a relatively small portion of the original company’s assets. The newly created corporation then files for bankruptcy, effectively shielding the original company from the tort liability costs. The Texas Two-Step bankruptcy is controversial, with critics arguing that it allows companies to hide from their legal responsibilities. The method has drawn criticism from parts of the legal community and the public at large, as well as from Congress. Therefore, it is possible that future laws or legal decisions may undermine the viability of the Texas Two-Step bankruptcy strategy. Key Takeaways A Texas Two-Step bankruptcy is a legal defense companies pursue … [Read more...] about Texas Two-Step Bankruptcy

A woman takes pictures of Chinese and Hong Kong flags decorating a street, ahead of the 25th anniversary of the former British colony's handover to Chinese rule, in Hong Kong, China June 30, 2022. - A + A HONG KONG (June 30): Chinese President Xi Jinping arrived in Hong Kong on Thursday for events to celebrate 25 years since the former British colony returned to Chinese rule and the inauguration of the city's new leader John Lee. Xi's visit, via high-speed rail, is his first to the city since 2017 and the first known trip outside mainland China in over two years amid the Covid-19 epidemic. Xi, wearing a mask, stepped out of the train to be greeted by children and other people waving flowers and Chinese and Hong Kong flags, while chanting "Welcome, welcome, warmly welcome" in Mandarin. Outgoing leader Carrie Lam and her husband were among those who welcomed Xi at the train station. The city's streets had been festooned with red China flags and posters … [Read more...] about Chinese President Xi arrives in Hong Kong for handover anniversary

- A + A (June 30): Taiwan’s stock benchmark index slumped on Thursday (June 30), taking its decline from a January high to over 19% and just points away from a so-called bear market. The Taiex gauge closed 2.7% lower in Taipei, the worst performer in Asia. It was dragged by chipmakers after Bank of America took a cautious view on the industry’s growth prospects. Taiwan Semiconductor Manufacturing Co (TSMC), which accounts for more than a quarter of the index’s weighting, dropped 3.1%. Facing headwinds of rate hikes by global central banks, tech-heavy stock markets in Taiwan and South Korea have been the worst performers in Asia this quarter, both down over 15%. Foreign investors have net sold about US$16 billion (about RM70.52 billion) of Taiwan stocks during the three-month period, the most among emerging Asia countries outside China. Taiwan’s deputy finance minister said the National Financial Stabilization Fund will continue to closely monitor the stock market … [Read more...] about Bear market looms for Taiwan stocks after chipmaker-led slump

- A + A SERI KEMBANGAN (June 30): Country Heights Holdings Bhd (CHHB) is allocating RM100 million in capital expenditure (capex) to expand and strengthen its wellness business segment, one of its top performing pillars during the Covid-19 pandemic. The group's founder and major shareholder Tan Sri Lee Kim Yew said the Malaysian government had been championing medical tourism since before Covid-19 and had done very well in this segment even during the pandemic. The group’s healthcare subsidiary GHHS Healthcare recorded a profit of RM3.23 million in 2021 on a turnover of RM26.72 million. There is huge potential in this segment and hence the group targets to grow it by three or four times, he told reporters after the group’s annual general meeting here on Thursday (June 30). “We want to reposition our group wellness business as a new branch of wellness tourism, which is a bigger market compared to medical tourism,” Lee said. He said if one were to consider the … [Read more...] about Country Heights allocates RM100m in capex to expand wellness business

The Home Step Fast/-i campaign signing ceremony between Boustead Properties and Affin Bank was held on Thursday, June 30, 2022 in Petaling Jaya, Selangor. - A + A PETALING JAYA (June 30): Boustead Properties Bhd has partnered with Affin Bank to tackle home financing with the Home Step Fast/-i campaign. Boustead Properties on Thursday (June 30) signed a document of understanding (DOU) with Affin Bank to provide eligible homeowners with more flexibility in financing solutions under the latter’s Home Step Fast/-i initiative. The Home Step Fast/-i campaign is well-suited for first home buyers or those starting a family, as the buyer can take advantage of up to 90% plus 5% financing, as well as other conditions including lower monthly loan repayment for the first five years; loan tenure of either 30 years or age 70, depending on which is earlier; and a no lock-in period. “We see the residential property market definitely showing positive signs of growth, as we move … [Read more...] about Boustead Properties partners Affin Bank to offer Home Step Fast/-i campaign

- A + A KUALA LUMPUR (June 30): Sersol Bhd is partnering Thailand’s private jet charter services provider MJets Ltd to venture into the private aviation industry. Both parties entered into a heads of agreement (HOA) to form a 50:50 joint venture (JV) company that offers aircraft charter services, ground handling services, aircraft management and bring in new fleet of private jets into Malaysia and Indonesia, Sersol said in a statement. Sersol, whose principal activities involve coatings, thinners and industrial chemicals, said the collaboration is expected to improve travel options at competitive prices. Its managing director Datuk Justin Lim believes the JV could tap into the increasing demand preference for private charters by high-net-worth individuals, especially after the pandemic, many passengers worldwide are seeking safer ways to travel without complications of being exposed to infections. “We believe the private jet charter aviation sector offers a blue … [Read more...] about Sersol venture into private jet charter services via JV with Thai MJets